Discuss about evolution and growth of Indian Capital Market.

1.	Discuss about evolution and growth of Indian Capital Market.
Answer» The period between 1947 and 1973 marked the development of infrastructure for capital market. During this period, a network of development financial institutions such as IFCI, ICICI, IDBI and UTI, SFCs and SIDCs were established. These financial institutions strengthened the capital market. During the period between 1980 and 1992, debenture emerged as a powerful instrument of resource mobilization in the primary market.

Discussion